Act 5 of 1838

The Bengal Bonded Warehouse Association Act, 1838

  • Ministry of Home Affairs
  • Department of States
  • Enacted 1838-03-14
  • 39 sections
SectionTitle
1 Incorporation.Read
2 Power to sue and be sued, and to acquire, hold and transfer property.Read
3 Capital Stock and shares.Read
4 Registering of names of proprietors. Register to be open to inspection.Read
5 Share-certificates.Read
6 Transfer of shares.Read
7 Proprietors of shares to be members of Association.Read
8 First Directors of Association.Read
9 Removal and election of Directors.Read
10 Directors to go out by rotation.Read
11 Election of successor, when Director ceases to be so otherwise than by rotation.Read
12 [Repealed].Read
13 Directors to be residents of Bengal Presidency.Read
14 [Repealed].Read
15 Adjournment of ordinary meetings.Read
16 Extraordinary general meetings.Read
17 Voting at general meetings Qualification for voting.Read
18 Number of votes to which proprietors entitled.Read
19 Votes of joint proprietors shares.Read
20 Voting by proxy.Read
21 Authority of Directors.Read
22 Calls for share money.Read
23 Interest to run on each call. Application of dividend in satisfaction of unpaid calls.Read
24 Power to refuse to register transfer by defaulting proprietor. Power to sell shares to satisfy calls, and issue fresh certificates.Read
25 Extension of Act 25 of 1836 to warehouses of Association.Read
26 Power to give general security for payment of import and export duties.Read
27 Rates for warehousing.Read
28 Certificates of deposit, transferable by endorsement.Read
29 Suits against Association.Read
30 Joint Stock of Association.Read
31 Individual members not to be liable.Read
32 [Repealed].Read
33 Increase of Capital Stock.Read
34 Option to original proprietors to subscribe in first instance.Read
35 Provisions of Act to apply to additional Stock.Read
36 East India Company to have right of pre-emption.Read
37 Dissolution of Association by order of the Governor General in Council.Read
38 Dissolution of Association by resolution of proprietors.Read
39 Division of property on dissolution.Read
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